Arabian Food Industries (Domty) [DOMT.CA] announced that it has signed a contract to buy and install a new bakery line for USD4mn with AMF, a US manufacturer of high speed bakery equipment. The new line, expected to start operating in Sep 2019, will produce various types of baked goods in addition to the Domty Sandwich. Its production capacity is 400k pieces per day, double the capacity of the company’s current bakery line. Domty has also signed a memorandum of cooperation with AMF for the introduction of new baked goods products in the Egyptian market, which will be announced in due course. 
 
Domty: EGP9.21 as of 10 Dec. 2018, Rating: Buy, TP: EGP14.00/share, MCap: USD146mn, DOMT EY/DOMT.CA